mStable USD Price (MUSD)
mStable USD Chart
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MUSD Price Live Data
The live mStable USD price today is $1.01 USD with a 24-hour trading volume of $355,729 USD. mStable USD is up 0.06% in the last 24 hours. The current CoinMarketCap ranking is #645, with a live market cap of $41,327,804 USD. It has a circulating supply of 41,085,970 MUSD coins and the max. supply is not available.
What Is mStable USD (mUSD)?
mStable is autonomous and non-custodial stablecoin infrastructure designed to provide decentralized finance platforms and protocols with a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform that aims to create assets stronger than the sum of their parts. mUSD is a mStable asset (mAsset) backed by a basket of USD-pegged stablecoins with features such as: - Deep liquidity pool for efficient and low slippage stablecoin exchange - Mintable by, and redeemable for, a specific underlying asset or basket of assets - A low risk native interest rate that provides high yield by combining lending income and trading fees. mUSD dApps include: - SWAP - Swap USD stablecoins with zero-slippage - SAVE - USD savings account for anyone, anywhere
Who Are the Founders of mStable?
mStable was founded by James Simpson and Henrik Andersson, who met while at Apollo Capital. After working hands-on with several stablecoins and lending platforms, they began work to unite lending, swapping and saving into a single standard and attempt to solve various points of friction existing stablecoin users encounter. This project became mStable, with a genesis team of 9 people and a community of thousands lending their voice and votes to govern the protocol via decentralized governance.
What Makes mStable USD (mUSD) Unique?
mUSD is a representation of its underlying stablecoins, making it a more abstracted and secure representation of USD on chain. It can be minted and redeemed permissionlessly via the mStable smart contracts using any whitelisted USD-pegged stablecoin. mUSD is also unique because it offers some of the best risk adjusted saving APYs in DeFi. This APY comes from multiple sources, drawing from swap fees, lending income, and liquidated tokens farmed by the mStable contracts. mStable is governed by a diverse community of stakeholders , all of whom come together to provide ideas, comments, and vote on proposals aimed toward improving the mStable protocol.
Learn more about mStable Meta here.
MUSD Price Statistics
|mStable USD Price||$1.01|
|24h Low / 24h High|
|Volume / Market Cap||0.008608|
|Fully Diluted Market Cap||$41,327,804.33|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighAug 10, 2020 (9 months ago)
All Time LowApr 16, 2021 (23 days ago)
|mStable USD ROI|
|Circulating Supply||41,085,970 MUSD|
|Total Supply||41,085,970 MUSD|
|Max Supply||No Data|